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Government sold almost $500 million in GM stock last month says new report
Posted: 03.12.2013 at 6:22 AM
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The U.S. Government says it has recovered over half the money loaned to GM as part of the bailout.
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DETROIT (AP) -- The U.S. government has sold another chunk of its stake in General Motors Co.

The Treasury Department says in its February report to Congress that it sold $489.9 million worth of GM common stock last month.

The report dated Monday says the government has recovered about $29.8 billion of its $49.5 billion bailout of the Detroit automaker.

(Copyright ©2013 by The Associated Press. All Rights Reserved.)

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